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Array Technologies Inc,Morning Meeting Recaps,Jim Cramer

The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. 1. The S & P 500 erased much of its earlier losses Wednesday as September continued to live up to its reputation as a volatile month. The in-line August consumer price index didn't change the market bet on a quarter-point interest rate cut by the Fed at next week's meeting.

Shares of Morgan Stanley dropped 1% on Wednesday after Goldman Sachs research analysts downgraded the portfolio-held bank to a neutral rating from buy. Analysts believe other banks are better positioned to gain from the capital markets recovery. They also said Morgan Stanley's stock valuation is expensive relative to its peers. Jim has been frustrated with Morgan Stanley, saying it needs to figure out what to do with E-trade. He added he would rather Goldman Sachs shares than Morgan Stanley.

 

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